BidaskClub downgraded shares of Aegion (NASDAQ:AEGN) from a buy rating to a hold rating in a report issued on Friday, January 5th.
AEGN has been the subject of several other research reports. Hilliard Lyons downgraded Aegion from a buy rating to a neutral rating in a research note on Thursday, December 21st. Stifel Nicolaus reissued a hold rating and set a $26.00 price objective on shares of Aegion in a report on Thursday, December 14th. TheStreet cut Aegion from a b- rating to a c rating in a report on Thursday, November 2nd. Zacks Investment Research cut Aegion from a buy rating to a hold rating in a report on Wednesday, January 3rd. Finally, ValuEngine raised Aegion from a hold rating to a buy rating in a report on Tuesday, September 12th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $26.75.
Aegion (AEGN) opened at $26.34 on Friday. Aegion has a 12-month low of $19.11 and a 12-month high of $28.19. The firm has a market capitalization of $856.76, a P/E ratio of -21.77, a PEG ratio of 1.53 and a beta of 1.77. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65.
In other news, CFO David A. Martin sold 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the chief financial officer now directly owns 101,430 shares in the company, valued at approximately $2,434,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David F. Morris sold 9,239 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total value of $259,153.95. The disclosure for this sale can be found here. Company insiders own 3.62% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AEGN. Northern Trust Corp grew its position in Aegion by 31.1% during the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after acquiring an additional 203,912 shares during the last quarter. Boston Partners grew its position in shares of Aegion by 17.8% in the 3rd quarter. Boston Partners now owns 1,213,459 shares of the construction company’s stock worth $28,249,000 after buying an additional 183,579 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Aegion by 65.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 370,323 shares of the construction company’s stock worth $8,103,000 after buying an additional 146,670 shares during the last quarter. First Trust Advisors LP grew its position in shares of Aegion by 40.8% in the 3rd quarter. First Trust Advisors LP now owns 437,891 shares of the construction company’s stock worth $10,194,000 after buying an additional 126,788 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Aegion by 9.3% in the 3rd quarter. Royce & Associates LP now owns 959,893 shares of the construction company’s stock worth $22,346,000 after buying an additional 82,000 shares during the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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